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Fly News Breaks for March 18, 2016
JBL
Mar 18, 2016 | 08:42 EDT
As noted earlier, Argus downgraded Jabil Circuit to Hold from Buy. The firm downgraded the stock after the company lowered its fiscal 2016 guidance, as the firm thinks that its current challenges make a Hold rating more appropriate. However, Argus expects the company to eventually fix its problems, and it keeps a long-term Buy rating on the name.
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